Form 4: ADP Executive Don McGuire Sells 2,785 Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Corporate VP Don McGuire sold 2,785 shares of Automatic Data Processing (ADP) stock at $276 per share on September 4, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- Don McGuire, a Corporate VP at Automatic Data Processing Inc. (ADP), sold 2,785 shares of common stock on September 4, 2024.
- The sale was executed at a price of $276 per share.
- The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan adopted in September 2023.
- Following the transaction, McGuire directly owns 28,301.089 shares of ADP common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to an insider stock sale under a pre-arranged trading plan, indicating a neutral sentiment.
Industry Context
Sales by company insiders are a normal part of corporate activity. The use of a 10b5-1 plan suggests the sale was pre-planned and not based on any specific non-public information.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but the pre-planned nature of the sale mitigates potential concerns.
Key Dates
| Date | Description |
|---|---|
| September 2023 | Date the Rule 10b5-1 trading plan was adopted. |
| 09/04/2024 | Date of the stock sale transaction. |
| 09/06/2024 | Date of the signature on the Form 4 filing. |
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